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Home Mortgage Loan Rates – Refinancing Still Popular with Low Rates

Posted on | November 20, 2009 | No Comments

Home mortgage loan rates are very close to all-time low. With this being the case refinancing remains very popular as mortgage interest rates continue to fall below 4.7%. We have recently seen the 30 year fixed mortgage interest rate approximately 4.65%.

You may be wondering what the all-time low for mortgage interest rate is. On the weekly average the lowest mortgage interest rates have ever been is 4.61%. This happened back in March of 2009. Please be aware that data was only collected since 1971.

With mortgage interest rates near all-time lows now is the time to go to the home refinance process. If you’ve been thinking about going through this process and have been reluctant now might be the time to take action. If you refinance now you could save thousands of dollars in 2010 with lower monthly mortgage payments.

Pres. Obama and his staff have done everything possible to keep interest rates low. Do not let this opportunity pass you by as it may never happen again. Once the economy gets back on its feet and we start accelerating forward there’s a very good chance that mortgage interest rates will increase drastically in a short period of time.

There are many lenders are willing to help you refinance the loan mortgage interest rate. It would behoove you to get out there and contact several lenders and see what interest rate you can get. Please understand that you must apply for this mortgage before an accurate mortgage rate will be given to you.

If the current economy and your financial struggles have gotten you down make sure to check out the inspirational blog My Life After Retail.  The blog is an account of the journey to find peace of mind and happiness in today’s society.

Author: Mike Garner

Category: Home Mortgage Loan Rates

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